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Home Loan Tax Benefits under Section 80 EEA in Budget 2019– Rs 1.5 Lakh Additional Tax Deduction on Affordable Housing Loans

The Union Budget for the Financial Year 2019-2020 is announced by the Finance Minister of India – Nirmala Seetharaman for the Narendra Modi Government 2.0 on 05th July 2019. In this budget, the government has raised the tax deduction for affordable housing loans from Rs 2 Lakh to Rs 3.5 Lakh. It will be beneficial … Continue reading Home Loan Tax Benefits under Section 80 EEA in Budget 2019– Rs 1.5 Lakh Additional Tax Deduction on Affordable Housing Loans

Revealed: Should USA based NRIs need to report Indian property under FATCA?

Are you an NRI – owning property in India? Are you worried about reporting the Indian property under FATCA? The FATCA (Foreign Accounts Tax Compliance Act) implementation by the US Federal Government has forced some of the Non-Resident Indians to sell off their properties in India due to the fear of being questionable on disclosing … Continue reading Revealed: Should USA based NRIs need to report Indian property under FATCA?

NRI Exclusive!! TDS on NRI Sale of Property- Here’s How to Get Your Nil TDS Certificate and More!!!

Selling of a property has never been an easy job. Being an NRI can only mean the trouble is twice the amount. Even if you find the right buyer to seal the deal, the complexities involving the TDS is unappealing. If you don’t follow the procedures of TDS with care, you could end up paying … Continue reading NRI Exclusive!! TDS on NRI Sale of Property- Here’s How to Get Your Nil TDS Certificate and More!!!

Are You A Salaried Employee? Here’s All Your Income Tax Deductions for the FY 2019-20

The income tax filing season doesn’t usually come alone, it brings along a humongous amount of stress with it. Despite the fact that only less than 3% of India is paying the income tax, the number of ways you can lose your hard earned money in the name of income tax is overwhelming. In this … Continue reading Are You A Salaried Employee? Here’s All Your Income Tax Deductions for the FY 2019-20

What every Non Resident Indian needs to know on their Tax Implications in India

In income tax parlance, individuals who are permanent residents of India are known as resident individuals. It is the duty of all such citizens to pay taxes on the income that they earn and file income tax return each year. However, it is the non-residents or those who are not ordinarily resident in India, who … Continue reading What every Non Resident Indian needs to know on their Tax Implications in India